This was my favourite stock for writing puts for a very long time.But that was done mostly when the stock price was in the $9-15 range.I averaged 27%/year IRR for a few years.At current prices, I don't think there is enough margin of safety for a firm losing money.Things have to get a lot better before an entry price on the putsyou suggested looks like a good deal.Better to pick something everybody loves to hate right now.STX, CHK, SAN, even AAPL, BAC (less so than before).Just my two cents. Maybe worth less than that.Jim
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